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Virscend Education Co (HKSE:01565) Total Current Liabilities : HK$1,496 Mil (As of Feb. 2024)


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What is Virscend Education Co Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Virscend Education Co's total current liabilities for the quarter that ended in Feb. 2024 was HK$1,496

Virscend Education Co Total Current Liabilities Historical Data

The historical data trend for Virscend Education Co's Total Current Liabilities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Virscend Education Co Total Current Liabilities Chart

Virscend Education Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Aug22 Aug23 Aug24
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,486.12 3,709.45 1,493.97 1,895.48 1,799.07

Virscend Education Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,493.97 1,459.51 1,895.48 1,495.96 1,799.07

Virscend Education Co Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Virscend Education Co's Total Current Liabilities for the fiscal year that ended in Aug. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=190.292+973.191
+Other Current Liabilities+Current Deferred Liabilities
=731.993+0
=1,895

Virscend Education Co's Total Current Liabilities for the quarter that ended in Feb. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=159.864+846.114
+Other Current Liabilities+Current Deferred Liabilities
=489.979+0
=1,496

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Virscend Education Co Total Current Liabilities Related Terms

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Virscend Education Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Virscend Education Co Ltd (HKSE:01565) » Definitions » Total Current Liabilities
Comparable Companies
HKSE:01598 HKSE:06068 HKSE:01851 HKSE:01449 HKSE:02371 HKSE:06913 HKSE:01769 HKSE:03978 HKSE:01775 HKSE:01752 AIU EDU TAL HKSE:01797 ASX:IEL LOPE SZSE:002607 GHC COUR LRN
Traded in Other Exchanges
N/A
Address
No. 18 Sandongqiao Road, Jinniu District, Chengdu, CHN
Website
http://www.virscendeducation.com
Virscend Education Co Ltd is a provider of K-12 private education services. The company is a provider of high school and university private education services in Southwest China. The firm's formal education industry consists of education for pre-school, primary, middle, and high school students with a total of over 16-second foreign language-based classes to its students which include German, French, and Japanese, among other languages. The majority of the company revenues are generated through tuition fees.
Executives
The Bank Of New York Mellon Corporation 2201 Interest of corporation controlled by you
Invesco Canada Ltd. 2102 Investment manager
Wang Xiaoying 2202 Interest of your spouse
Yan Yude 2201 Interest of corporation controlled by you
Bank Of China Limited 2106 Person having a security interest in shares
Virscend Holdings Company Limited 2101 Beneficial owner

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